Tolins Tyres Limited IPO
Company Overview:
Incorporated in 2003, Tolins Tyres Limited is a tyre manufacturing company headquartered in India. The company specializes in providing tyre retreading solutions across the country and exports its products to over 40 countries, including the Middle East, East Africa, Jordan, Kenya, and Egypt.
Tolins Tyres Limited operates under two major verticals:
1. Tyre Manufacturing
2. Tread Rubber Manufacturing
Tolins Tyres manufactures tyres and accessories for multiple vehicle categories, from two-wheelers and light commercial vehicles to agricultural tyres. They also produce tread rubber and essential accessories like tyre flaps, bonding gum, and vulcanizing solutions.
Operational Network:
As of March 31, 2024, the company operates:
8 depots and collaborates with 3,737 dealers nationwide.
3 manufacturing facilities—two in Mattoor, Kalady, Kerala, and one in Al Hamra Industrial Zone, Ras Al Khaimah, UAE.
Product Line & Certifications:
Tolins Tyres boasts an extensive range of stock-keeping units (SKUs):
163 SKUs in the tyre category
1,003 SKUs in the tread rubber category
The company is certified with ISO 9001:2015 and IATF 16949:2016 by UK Certifications. Its clientele includes prominent names such as Marangoni GRP, Kerala Agro Machinery Corporation Ltd (KAMCO), Redlands Motors, and Tyre Grip.
Objects of the Issue:
The proceeds from the IPO will be utilized for the following purposes:
Repayment of Borrowings
Meeting Working Capital Requirements
Investment in Subsidiary Companies
General Corporate Purposes
Tolins Tyres IPO: Key Details
IPO Dates: September 9 to 11, 2024
Price Band: ₹215 to ₹226 per share
Lot Size: 66 shares
Total Issue Size: ₹230 Crores
Retail Quota: 35%
GMP: 13% (for informational purposes)
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